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<br /> 76- Q04�OU
<br /> MORTCACC
<br /> } : MORTCACG LOAN N0. I ZZ,ZSO
<br /> KNOWALLMGNDY'IHESEPRFSEN7S:That Earl K: Barnes and Jean L. Barnes, his wife �., �_
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<br /> '' Murtgagor,whether one or mote,in conildenlion of the�um of t ' r� `7,
<br /> F, Twenty-two?housand and No/100------------- � � '
<br /> ----------------------------------------UOLLARS
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<br /> �; Ioaned to said mort�gor 6y The Equltablc BuUding and Luan Assocfaqon of Crend Isiand,Nebnilce,Mortgagee,upon zZ� shares of stock of a , w
<br /> tr� aaid A5SOCIATION,Certifipte No.L 22�250 ,do hercby grant,wnvcy and mongage unro tht mid ASSOCIATIDN the following' { ` %
<br /> '' desc�ibed roal e:tate;situated in Hall Counry,Nebrask¢:' �^ s �
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<br /> FRACTIONAL LOT SIX (6); FRACTIONAL LOT SEVEN i ``�?
<br /> ` `� (7), AND LOT EIGHT (8), IN FRACTIONAL BLOCK
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<br /> 't ELEVEN (il), IN JOEHNCK'S ADDITION TO THE `. '�•
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<br /> r CITY OF GRAND ISLAND, HALL COUNTY NEBRASKA. i, , .
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<br /> tngether with all the tenemrnts,hercditammts anJ appurtenances thcreunto belonging,including auached floor wverings,ull window strerns, t, `
<br /> window shades,blinds,storm windaws,nwnings,heating,air conditioning,and plumbing and water equipmrntand acceswries thercto,pumps,stovea, �; � ��
<br /> rcfrigentors,and other fixwrcs and eyuipment now or hereaCmr aunched to or used in conncctiun with said rcul estuta �,
<br /> '% And whercas the said mortgagor has agreed and docs hcreby agrce that the mortgagor 9ia11 and wlll pay all lexes and assessmrnh levied or ":.
<br /> nsxued upon said prcmius and upon tliis mortgage and tlic bond ucured thcrcby 6elore the same shall become delinquenl:to furnish approved �� ``
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<br /> insurana upon the buildings on said prcmiscs siwated in the sum o(5 PP��QO.U� payable to said ASSOCIATION end to deHver to eaid � ��
<br /> ASSOCIATION Ihe policic:for uid insurancc;and not tu commit or permit any waste on or abuut said prcmius: . ;
<br /> In pse of dcfault in the performunce of any of the terms and condilions uf this murigage ur the bond xcured hereby;the mortgagee shalt, � � ~ ;
<br /> o�i demand,bc rntitled ro immediate poucssian af thc mortgaged prcmius and die murtgagur hercby assittn�, transters end uu over to the ; ' 2� �„
<br /> mortgegee all thc ronts,revenues and incomc to be dcriveJ from the mortgaged pcemises during such tlme as the murtgego indebtedneu shall remain ;•�r
<br /> unpaid;and lhe mortgagec shall havc thc power to appoint any agent or ngcnts ft may dcsirc fur the pu�pose of rcpairing said premises and nndng j#f,,,.
<br /> ;��'`: � the same und rnllecting the rents,revenues and income,and it may pay out of raid Inevme all expenses of repaidng said promiur end nettssary �
<br /> wmmissions and cxpcnus incurrcd in renting and managing thc samc and of collecting �entals therefrom: the balancc rcmeining,if any,ro be
<br /> applicd tuwud thc diuharge of said mortgage indebtedness;thesc rights o(the mortgagec may be exercixd at any time during lhe exislentt of auch i
<br /> default,irrespecti��c of any temporary wai��er of the same.
<br /> Thex Presents,howcver,arc upun lhe CunJition.That if the said�tortgagor shall repay said loan on or bcCorc the maturity ot said shares by f
<br /> paymenr,pay monthly to said ASSOCIATIOU of the sum:pecified in the Uund securcd here6y ns intercst and principal on snid loan,on or 6oforc �
<br /> thc Twentieth day af cach and evcry mon�h,until said loan is fuliy paid:pay all laxes and assessments le�ied ngainst said premius end on this�lortgage z
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<br /> and the Bond xcured theraby,be(ore delinqucncy;furnish appruved insuronce upan tha buildings thcrron in thc sum uf 5 22�OOO.�0 P�Y�b�� � ' � `
<br /> to:aid ASSOCIA710\:repay to said ASSOCIATION upon demand all muney 6y it paid for such taxes,aucssments and insuronce with interest at t.. ,,.f`
<br /> the maximum Iegal ratc thereon Gom Jate of paymcnt all of which Dtortgagon c�reby agrees to pay;pennit no waste on said premittr keep and comply -
<br /> with all Ihe agreements and conditluns of thc Dund for S ZZ�0�0.OO����s day given by thc saiS Mongugur to s�id ASSOCIATION,and comply
<br /> with all the requircments o(the Consti�ution and DyI.aws of said ASSOCIATION:then tl�esc prescnts shall become nu11 and void,othenvix lhty
<br /> shall rcmain in full force nnd muy bc furcclosed at the uplion uf the said ASSOCIA710N efter failurc for threc months m make any of sald
<br /> paymenis or be Ihrce months in a�rean in making said monthly paymenls,ur lo kecp and rumply with the agreemcnts and conditlons of sald Bond;
<br /> unJ hfortgugor agrees to have a recciver appainted funhwitti in such foreclosure pmcecdings.
<br /> I(there is any d�ungc in ownership oC Ihc rcal estalc mortgagcd hcrcin,6y sale ur uqurwisc,then thc entirc remaining indcbtedneu hcreby
<br /> ', s ucured shull,at the upUon ot The Equftable Building and Loan Association of Crand Island,Nebraska,bewmt immediately due nnd payeble withuut
<br /> � 1 lurther nuti�ro,and lhc amnunt rcmaining'due uudcr said bond,and any other bond fur any additlonal advances maJe thereundeq shall,Gom the i `
<br /> I datt of exerciu of saiJ option,be�r interest at the maximum Icgal rale,and lhis mortgage may then be forecloud to seUsfy the amount due on aid
<br /> '} bond,and any olhcr bond(or additfonal adrences,togcthcr with all sums paiJ by said Thc L'quitablc Bupoing and Luan AssociaUon of Grand Island,
<br /> :�; Nebrnaka for insurance,taxes und osusunents,nnd abstrecting extens(on charges,with Interst thercun,from dute uf poyment at the miximum
<br /> ,.:>f legal rala � � -
<br /> �� As providedln thc Band ucumd hcrcby,while this modgngc remains in efCat!hc mortgegce may hereafler advancc addittonal surtu to the
<br /> makar:of mid Oond,thcir assians ur successors in interest,whlJi sums shall be within the secudry of thb mortgage the same as the funds ariginslly
<br /> � xcured thereby,thc tatal amount af principal debi not to cxceed at any time the odginsl nmount of thls mortgage.
<br /> Daled tl:/�, ,21 s� a�y or July a�.,iv 76
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<br /> 3 � arl K. Barnes �� Jean L. Barnes
<br /> � STATE OF NEBRASKA, '. G
<br /> cs. Onthis 2�St dayot �U�y I9 �6 ,brfareme,
<br /> `�COUNTY,OF NALL � � * �'
<br /> r � the undersig�ud,a Natary Public in and for said Counry,perwnilly came ��i
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<br /> Earl K.,Barnes:and Jean L. Barnes, his wife � ,; s;, :
<br /> who are P�rsonally known to � ;f.
<br /> ��;� me to be the identicafpe�wn 5 whou name S dt'2 affixed to the above instrwncnt as modgegor 5 and they ��rell r
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<br /> -'� ackn'owledged the mid imt�ument to be their voluntary nct and deed.
<br /> WITNGSS my hand and Notadal Seal the date eforesaid. a
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<br /> � � GFNCR�I Np„ yT`it- -�. �n ite4 G2 . 4
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<br /> � N.T�C1t� "�Y�omm.[x�. c �%'��. � y �� 7� Notery Public
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